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20120930
20120930
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max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years
calling for higher taxes on the rich and new spending plans and it comes as we find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the o
afghanistan where the bulk of the troop surgeinciy unfolded, the economy is principally agricultural. most men are working the fieldsv were doing some sort of job that is related to agriculture. the u.s. government includedhemh pghtly that one key way to helo the afghan people would be toze, the farming toh try to provide them with somes o better seeds and fertilizer and in some cases, tractors and try to improve what they were goingl so thatle you would improve ther livelihood as a result, he woull sort of helped them out. so the problem was we tried to do too much of it at once. a h think of southern afghanistan and the farmers there is a of i, parched amman on a hot day.m ine instead of giving them a tall glass of ice water, we literallt turned the fire hose on him, ruining him on the process. beig we tried to pour so much moneypd in bed it wound up becomingy, counterproductive. this was a program that was trying to spend $300 million in and just two provinces in one year. not surprisingly, we wound upr t shoveling the goods of afghanthy and they drove it over to the border to pakistan and
Search Results 0 to 2 of about 3